Soybeans close higher on the CBOT this Wednesday.

The September soybean contract traded on Chicago Board of Trade (CBOT) It closed this Wednesday (5) with a slight decrease of 2.25 points and 0.19%, quoted at US$ cents 1,156.50/bushel. The September contract fell 3.00 points and 0.25%, to US$ cents 1,174.75/bushel. In the partial week, the assets accumulate losses of 1.22% and 1.07%, in that order. As for derivatives, the bran and the oil Prices fell by 0.42% and 0.63%, respectively. In this trading session, prices were pressured by expectations of beneficial rains in the Corn Belt, the main soybean and corn producing region of the United States. According to the daily bulletin… Department of Agriculture (USDA)Rain showers and thunderstorms associated with a cold front continue to move southwest from the Great Lakes region. "Recent and ongoing rainfall, along with near- or below-average temperatures, have benefited corn and soybean crops," he noted. USDAIn the energy market, oil prices lost momentum throughout the session and began to operate close to stability, reflecting optimism surrounding a possible diplomatic agreement between the US and Iran, which could result in the reopening of the Strait of Hormuz. The evolution of oil prices continues to be closely monitored by the agricultural market, as it influences the competitiveness of biofuels produced from soybeans and corn. On the radar, investors are awaiting the release, this Thursday (6), of the weekly export sales report and the update on drought conditions in US crops, both from USDA.

This text was translated by machine from Brazilian Portuguese.